1. They’re located everywhere.
Stock brokers and traders aren’t all located in New York. Yes, the financial industry is portrayed as being isolated to the confines of New York City, however, thanks to the uplift in trading technology, traders work from just about everywhere – home, office, café’s, even the local beach.
2. Born into riches, or hard earned?
Contrary to popular belief, the modern-day trader emerges from all backgrounds, including the underprivileged. Many years ago, the trading career path was illuminated by your families wealth. In more recent years the position of stock trader has opened to people with degrees from a range of Universities, as we as to those who simply have the passion and determination starting out as floor clerks. Aside from the benefits of diversifying the experience and expertise of traders, the broadened pathways to entry mean that the industry will continue to evolve and present an abundance of opportunity for businesses, investors, traders and the wider economy.
3. Guess again!
Likening Wall Street to a ‘Las Vegas in Disguise’ is a common assumption by on lookers. That is, to many, trading stock appears to be a gamble; a guess; an unbalanced risk. The truth is, the stock market is far from a gamble when you’re experienced in analysis data, interrupting the economy and navigating the financial markets. Of course, there is a no way of predicting the future of all stock, though sufficient experience and understanding allows for calculated risks to be taken whereby opportunities are evaluated based upon the probability of return and afforded losses.
4. Suits, suiting and dressing to the 9’s.
The Stock Brokers uniform isn’t governed by Wall Street’s expected dress standards anymore. Given the ability to trade remotely, and the uptake of ‘StartUp’ trading syndicates, many Stock Brokers operate from the café or an office cubicle, dressed for comfort. Jeans and t-shirts don’t impede your ability to trade, so many traders rely on their skill to be successful in developing a strong reputation. If the broker is trading in the markets for themselves, and are not client facing, then why stop at jeans? What’s wrong with slippers and a dressing gown?
5. Winners and Loser
Some days, a trader’s losses can be bigger than their wins. The stock market is a turbulent fairground ride and the day doesn’t always end with smiles. As the market evolves and new variables are inserted into the decision-making process, like new technology, politics, and terror wars, it’s not surprising that stocks cause large losses. The malleable nature of the market has experienced wealth managers gasping for air as their mutual funds are beaten by the market.
Stock brokers and traders aren’t all located in New York. Yes, the financial industry is portrayed as being isolated to the confines of New York City, however, thanks to the uplift in trading technology, traders work from just about everywhere – home, office, café’s, even the local beach.
2. Born into riches, or hard earned?
Contrary to popular belief, the modern-day trader emerges from all backgrounds, including the underprivileged. Many years ago, the trading career path was illuminated by your families wealth. In more recent years the position of stock trader has opened to people with degrees from a range of Universities, as we as to those who simply have the passion and determination starting out as floor clerks. Aside from the benefits of diversifying the experience and expertise of traders, the broadened pathways to entry mean that the industry will continue to evolve and present an abundance of opportunity for businesses, investors, traders and the wider economy.
3. Guess again!
Likening Wall Street to a ‘Las Vegas in Disguise’ is a common assumption by on lookers. That is, to many, trading stock appears to be a gamble; a guess; an unbalanced risk. The truth is, the stock market is far from a gamble when you’re experienced in analysis data, interrupting the economy and navigating the financial markets. Of course, there is a no way of predicting the future of all stock, though sufficient experience and understanding allows for calculated risks to be taken whereby opportunities are evaluated based upon the probability of return and afforded losses.
4. Suits, suiting and dressing to the 9’s.
The Stock Brokers uniform isn’t governed by Wall Street’s expected dress standards anymore. Given the ability to trade remotely, and the uptake of ‘StartUp’ trading syndicates, many Stock Brokers operate from the café or an office cubicle, dressed for comfort. Jeans and t-shirts don’t impede your ability to trade, so many traders rely on their skill to be successful in developing a strong reputation. If the broker is trading in the markets for themselves, and are not client facing, then why stop at jeans? What’s wrong with slippers and a dressing gown?
5. Winners and Loser
Some days, a trader’s losses can be bigger than their wins. The stock market is a turbulent fairground ride and the day doesn’t always end with smiles. As the market evolves and new variables are inserted into the decision-making process, like new technology, politics, and terror wars, it’s not surprising that stocks cause large losses. The malleable nature of the market has experienced wealth managers gasping for air as their mutual funds are beaten by the market.